Commercial Land with Existing
New
For Sale
$2,000,000
3699 Bakers Ferry Road SW, Atlanta, GA 30331
Two adjoining parcels combine development land with a former health-center building and additional structures.
Property Size10,354 SF
Price / SF$193.16
Days on Market7
Property Features for 3699 Bakers Ferry Road SW
General Information
Standard status
Active
Size
10,354 SF
Property subtype
Commercial
Building Details
Year Built
1992
Listing Agency:
EXP Realty, LLC.
Listed By:
Chrystal Thomas · License #THOMCHRY
(888) 959-9461
Source:
Prestigerealtyteam
Added: Oct 7
Changed: Oct 8
Last Checked: Oct 12 at 5:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC.
Investment Insights
Based on property information with market context.
The 4.48±-acre assemblage brings together two adjoining parcels with existing improvements. The 2.59±-acre parcel at 3699 Bakers Ferry Road SW contains a 10,354± SF former health center, built in 1992. The adjoining 1.89±-acre parcel includes a 1,292± SF residence and a 644± SF modular building.
The site is roughly 1.5 miles south of I-20 and about 8 miles west of downtown Atlanta, with the I-285 perimeter nearby. The 3699 parcel is zoned R-4 and has a legal non-conforming public health center use, supported by a City of Atlanta zoning verification letter. Its future land use designation is Low Density Mixed-Use; potential rezoning to MR-1 through MR-3 is subject to City approval. The property is in FEMA flood zone X (unshaded).
The site is roughly 1.5 miles south of I-20 and about 8 miles west of downtown Atlanta, with the I-285 perimeter nearby. The 3699 parcel is zoned R-4 and has a legal non-conforming public health center use, supported by a City of Atlanta zoning verification letter. Its future land use designation is Low Density Mixed-Use; potential rezoning to MR-1 through MR-3 is subject to City approval. The property is in FEMA flood zone X (unshaded).
Key Highlights
- 4.48±-acre assemblage of two adjoining parcels
- 3699 parcel: 2.59± acres with a 10,354± SF former health center
- Adjoining parcel: 1.89± acres with a 1,292± SF residence and 644± SF modular building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,594
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,880
$2.3M
Cap Rate 7%
$1,665,629
$1.7M
Cap Rate 9%
$1,295,489
$1.3M
Market Conditions
NOI Build-Up for 10,354 SF
Gross rent
$211.2K $20.40/SF
− Vacancy
−$16.9K −$1.63/SF
EGI
$194.3K $18.77/SF
− OpEx
−$77.7K −$7.51/SF
NOI
$116.6K $11.26/SF
Area
ZIP 30331
Vacancy
8.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,331,880
Cap Rate 7%
$1,665,629
Cap Rate 9%
$1,295,489
Alternative Uses
Best Use
Healthcare Medical
$1.67M
$1.46M – $1.94M
NOI $116,594 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.89M
$2.53M – $3.38M
NOI $202,604 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
446
Businesses Nearby
Explore this area
Business Placement
Demographics for 30331, GA
60,770
Population
27,314
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
1,612
Density / Sq Mi
$61,548
Median Household Income
$41,047
Median Earnings
$1,264
Median Rent
$277,900
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjoining parcels combine development land with a former health-center building and additional structures.
Where is this commercial land located?
The property is located at 3699 Bakers Ferry Road SW Atlanta, GA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 4.48±-acre assemblage of two adjoining parcels; 3699 parcel: 2.59± acres with a 10,354± SF former health center; Adjoining parcel: 1.89± acres with a 1,292± SF residence and 644± SF modular building
